115A, Bell Hill Road, St George, Bristol, BS5 7LY

Description

A ground floor two-bedroom flat, situated in a highly convenient location in St George. The property is let producing £1,100 per calendar month (£13,200 per annum) and would make an excellent addition to any landlord's portfolio.

Accommodation

Living room, kitchen, shower room and two bedrooms. Please refer to floorplan for approximate room measurements and internal layout.

Location

115 Bell Hill Road is situated in the popular residential suburb of St George, to the east of Bristol city centre. The property is conveniently positioned for the extensive range of amenities available along nearby Church Road, including independent shops, cafés, restaurants, pubs and other everyday services. The property is also within easy reach of St George Park, a popular green space offering open areas, a lake, café, children's play facilities, tennis courts and a skate park. For commuters, Bell Hill Road provides convenient access to Bristol city centre and the wider road network, with regular public transport services available locally. Bristol city centre is approximately three miles away, while the nearby Bristol and Bath Railway Path provides an attractive route for cyclists and pedestrians towards central Bristol and beyond. St George offers an established community atmosphere, excellent local amenities and convenient access to Bristol, making it a popular location for both owner-occupiers and tenants.

Tenure / Property Information

Investment Analysis

The £99,000 guide is below the reported £110,000 annualised rent-based valuation implied by a 12% headline yield, but a current market value cannot be reliably established from the evidence. Sold comparables are dated 2017–2019 and range from £60,000 to £167,000, with the closest same-address comparable at £90,000 in December 2019. The variation, absence of current comparables and missing lease details prevent a supported GDV estimate.

Investment Snapshot

Strategy Recommendation

Income-led BTL consideration only, subject to satisfactory legal-pack review, confirmation of the tenancy and rent, lease/service-charge checks, and inspection. Do not rely on a BRRR or flip strategy without current valuation and cost evidence.

Works Required

No refurbishment works are evidenced. Obtain the legal pack, tenancy information and inspection details before budgeting for any works; the EPC is rated D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because current GDV, lease terms, refurbishment costs, service charges and refinance criteria are unavailable. The stated rent provides an income case, but there is insufficient evidence to calculate refinance proceeds or cash left in.

Buy-to-Let Analysis

The stated passing rent is £1,100 pcm (£13,200 annually), producing a headline gross yield of 13.33% against the £99,000 guide. Including the £2,280 buyer premium alone, before any other acquisition or ownership costs, the indicative yield would be approximately 13.04%. Net yield cannot be calculated because service charges, ground rent, management, maintenance, voids, finance and taxation are not supplied. The rent should also be verified against the tenancy and bank statements.

Flip Analysis

A flip analysis is not supported. Current resale value, refurbishment costs, selling costs and lease details are unavailable; the supplied sold comparables are old and materially variable. No flip surplus can therefore be calculated.

Investor Risks & Due Diligence

• Lease tenure and terms are not provided and must be checked in the legal pack.

• The stated £1,100 pcm is reported passing rent, but tenancy terms, payment history and sustainability are not evidenced.

• No sufficiently specific external rental comparable is available.

• Property condition and any refurbishment requirement are unknown.

• Service charges, ground rent, insurance and other ownership costs are not supplied.

• Historic sold comparables range widely and may not represent current market value.

• The £2,280 buyer premium is payable in addition to the purchase price; other acquisition costs may also apply.

Recommendation

Income-led BTL consideration only, subject to satisfactory legal-pack review, confirmation of the tenancy and rent, lease/service-charge checks, and inspection. Do not rely on a BRRR or flip strategy without current valuation and cost evidence.

Strategy Rating

Analysis Confidence

Passing rent, guide price, buyer premium and several historic sold comparables are supplied, but current valuation evidence, lease terms, tenancy documents, property condition, service charges and other ownership costs are missing.